Marketplace AM for February 2, 2006

Episode Description 

Plan B on Part D

With lawmakers scrambling to right the new Medicare drug program after a troubled launch, some Republicans are calling for fixes drug makers might like. Scott Tong has more.
Posted In: Health

Budget cuts

A bill to cut nearly $40 billion in government spending is on its way to President Bush for his signature, but the final vote in the House was a squeaker. John Dimsdale reports.
Posted In: Economy

Mining woes in West Virginia

The governor of West Virginia called for all mines to cease operations in his state following two more mining deaths yesterday. The governor wants all mines to pass safety inspections before work resumes. And as Stacey Vanek-Smith reports, a shut down would cost the state's mining industry millions.

Cuban oil summit

Cuban and US oil honchos are scheduled to sit down today to discuss the fate of a Cuban oil field that, by law, US companies can't touch. Dan Grech tells us what they're going to talk about.

The Best Thing Since Sliced Bread

The service workers union SEIU announced the winner of a novel contest to find the best idea "since sliced bread" to help improve the lives of working men and women. More than 22,000 ideas were submitted. Jeff Tyler tells us which one took the $100,000 first prize.

The bloom is off Jet Blue

The hip air carrier with leather seats and individuals TVs has long been considered a model for the struggling legacy carriers to pattern themselves after. But as Stacey Vanek-Smith reports, Jet Blue's star has fallen with its recent earnings report.

Iran's nuclear option

Today, the world's nuclear watchdog holds an emergency session. The US wants the agency to report Iran to UN Security Council over its nuclear program. Among those attending the vote is India -- a country which developed its own nuclear weapons program in secret. But this time, India is under pressure from the US to vote against an old friend. Miranda Kennedy explains from New Delhi.
Posted In: Canada

Big oil gets bigger

Shell today reported the biggest three-month profit ever for a British company. The news follows Exxon Mobil's earnings this week, the largest quarter ever recorded by a publicly-listed US company. The reason for both was the same: The soaring price of crude. It lifted Shell's annual profits to $23 billion. From London, Stephen Beard reports.

Unreal unemployment numbers

A key measure of our economy is how many people are employed. But is that number measured accurately? A new report says maybe not; the government's methods often pump up the number of Americans with a job. Scott Tong reports.
Posted In: Economy

Saving rate declines

The savings rate is as low as it's been since the Great Depression. But personal finance expert Chris Farrell tells host Scott Jagow that's not necessarily bad news.
Posted In: Economy

Jarecki on "Why We Fight"

Eugene Jarecki, creator of the new documentary "Why We Fight," discusses the economic motivations for war with host Lisa Napoli.
Posted In: Economy

Southwest's Gary Kelly on the future of the airline business

Kai talks with Southwest Airlines CEO Gary Kelly about his trip from CPA to CEO, and the future of the airline business.

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